First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company.

Several research analysts recently commented on the stock. Canaccord Genuity Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 16th. Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Desjardins began coverage on shares of First Quantum Minerals in a report on Friday, April 4th. They issued a “hold” rating for the company. National Bankshares reiterated an “outperform” rating on shares of First Quantum Minerals in a research note on Wednesday, April 2nd. Finally, Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Tuesday, May 6th.

First Quantum Minerals Stock Down 0.7%

FQVLF opened at $14.35 on Friday. The company has a 50 day moving average of $13.35 and a 200 day moving average of $13.27. The company has a market cap of $11.97 billion, a PE ratio of -717.50 and a beta of 1.33. First Quantum Minerals has a 12 month low of $10.18 and a 12 month high of $16.23. The company has a current ratio of 2.08, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 billion. First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. On average, sell-side analysts expect that First Quantum Minerals will post 0.03 EPS for the current year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.